When it comes to prop trading and Forex trading, Audacity Capital has emerged as a notable player in the industry. Offering unique opportunities for traders, Audacity Capital allows individuals to trade with the firm’s capital and keep a significant portion of the profits. In this detailed Audacity Capital review, we will explore everything you need to know about their funded trader programs, account structures, profit-sharing models, and how this prop firm compares to others in the market.
What is Audacity Capital?
Audacity Capital is a proprietary trading firm that offers funded trader programs. Unlike traditional retail trading, where traders use their own capital, prop trading firms like Audacity Capital provide traders with capital to trade on their behalf. This allows traders to leverage their skills without risking their own funds. In exchange, the firm typically takes a portion of the profits generated from the trades.
Founded with the goal of providing aspiring traders with access to larger amounts of capital, Audacity Capital’s model is particularly appealing to those who have demonstrated strong trading skills but lack the financial resources to trade large positions in the market.
How Audacity Capital’s Funded Trader Program Works
Audacity Capital offers traders the chance to prove their skills through a two-step evaluation process, where traders are assessed based on their performance during a trial period. Upon successfully passing the evaluation, traders are given access to a funded account where they can trade with real capital.
Step 1: The Evaluation Process
The first step in the Audacity Capital program involves completing an evaluation period, which is designed to assess your trading ability. The evaluation has two primary components:
- Trading Objectives: Traders are required to meet specific profit targets while maintaining acceptable risk parameters. This ensures that only skilled traders who can manage risk and generate consistent returns are selected.
- Risk Management: One of the key aspects of the evaluation process is ensuring that traders understand the importance of risk management. Audacity Capital sets strict guidelines on how much drawdown a trader can incur during the evaluation phase. This ensures that traders who are funded by the firm are capable of protecting capital while maximizing profits.
Traders are given a demo account to complete the evaluation, and if they successfully meet the requirements, they are offered a live funded account.
Step 2: Funded Trader Account
Once traders successfully pass the evaluation, they are given a funded account, allowing them to trade with real capital. This is the most appealing aspect of Audacity Capital’s offer — traders can now access higher leverage and larger trading volumes without risking their own funds. Traders earn a portion of the profits, typically 70-80%, with Audacity Capital keeping the remaining share.
Audacity Capital Account Types and Profit Sharing
Audacity Capital offers several account types for traders, each with varying levels of capital, risk parameters, and profit-sharing models.
1. Evaluation Account
This is the account that traders use during the evaluation process. The goal is to prove your trading skills while adhering to strict risk parameters. The evaluation account comes with a demo account where traders have to meet specific profit targets while keeping drawdowns within acceptable levels.
2. Funded Account
Once a trader successfully completes the evaluation phase, they transition to the funded account, where they are provided with real capital to trade. Audacity Capital offers varying levels of funding based on the trader’s performance and the evaluation results. Typically, traders can start with a $25,000 or $50,000 funded account and scale up from there as they demonstrate consistent profitability.
3. Profit Sharing
The most significant aspect of any prop trading firm is the profit-sharing model. Audacity Capital follows a performance-based model, where traders are rewarded for their profitability. The profit split typically ranges from 70% to 80%, meaning traders receive the majority of the profits they generate.
The exact percentage varies based on factors such as account size and trader performance, with top performers being able to negotiate more favorable terms.
4. Scaling Opportunities
Audacity Capital offers traders the opportunity to scale up their funded accounts as they prove their consistency. With strong performance and consistent profits, traders can gain access to progressively larger amounts of capital, allowing them to increase their potential earnings.
Audacity Capital Leverage and Trading Instruments
One of the key advantages of working with Audacity Capital is the high leverage it offers its traders. Leverage allows traders to control larger positions in the market without having to tie up a significant amount of capital.
Leverage
Audacity Capital provides competitive leverage options for traders. Leverage is available up to 1:100, which is a common leverage ratio for most Forex prop firms. This allows traders to take larger positions and capitalize on smaller market moves.
Trading Instruments
Audacity Capital offers a wide range of trading instruments for its traders, including Forex, commodities, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of opportunities across multiple markets.
Platforms and Tools
Audacity Capital uses the popular MetaTrader 4 (MT4) platform, which is widely used by retail and professional traders alike. MT4 offers advanced charting tools, technical analysis, and automated trading features to help traders execute their strategies more effectively. The platform is available for desktop, web, and mobile, allowing traders to stay connected to the markets wherever they are.
Audacity Capital Pros and Cons
Like any prop trading firm, Audacity Capital has both advantages and drawbacks. Here’s a quick look at the pros and cons:
Pros:
- High Profit Sharing: Traders can earn up to 80% of the profits they generate, which is a very attractive feature compared to other firms in the industry.
- No Risk to Personal Capital: Traders use the firm’s capital, meaning they do not risk their personal funds when trading.
- Access to a Range of Markets: Audacity Capital offers a wide variety of trading instruments, including Forex, commodities, and cryptocurrencies.
- Leverage Up to 1:100: The high leverage available gives traders the opportunity to make significant profits on smaller price movements.
- Scalable Accounts: Successful traders can scale their accounts, gaining access to more capital and further increasing their earning potential.
Cons:
- Strict Evaluation Process: The two-step evaluation process can be challenging, and not all traders pass. This means traders need to be consistently profitable to succeed.
- Limited Account Types: Unlike other prop firms, Audacity Capital has fewer account options, which may not be suitable for traders looking for more customization.
- Trading Restrictions: Traders must adhere to specific trading rules and risk management guidelines, which can feel restrictive for some traders.
Is Audacity Capital Worth It?
Audacity Capital offers a solid opportunity for skilled traders to scale their trading careers without risking their personal funds. The firm’s high profit-sharing model, access to leverage, and wide range of trading instruments make it an attractive option for Forex traders and those looking to trade with professional capital.
While the evaluation process may be tough and the trading restrictions may feel limiting to some, the rewards for consistent performance are substantial. Traders who prove their skills can scale up their accounts and keep the majority of their profits, which makes Audacity Capital a great option for serious traders who want to take their trading to the next level.
Conclusion
In conclusion, Audacity Capital provides a lucrative environment for traders looking for opportunities to trade with professional capital. With high leverage, a strong profit-sharing model, and access to a range of markets, this proprietary trading firm offers significant potential for skilled traders. The firm’s evaluation process ensures that only the most disciplined and consistent traders gain access to funded accounts, maintaining a high standard for its traders.
For those who pass the evaluation and continue to perform well, there’s ample opportunity to scale their accounts and significantly increase their earning potential. Whether you’re an experienced trader or someone looking to prove your skills, Audacity Capital offers a solid foundation for traders seeking to leverage their talents in the financial markets.
For more information about Audacity Capital and how to get started, visit Audacity Capital.